India, Feb. 20 -- After a steady uptrend over recent sessions, Trent Ltd has formed a head-and-shoulders pattern on the 30-minute chart, signaling a potential bearish reversal. The head-and-shoulders pattern is a classic bearish reversal formation, defined by a higher central peak (the head) flanked by two lower peaks (the shoulders). This configuration signals a potential shift from bullish to bearish momentum once the neckline is decisively breached.

On Thursday, Trent Ltd formed a lower high at the right shoulder of the head-and-shoulders pattern and decisively broke below the Rs 4,130 neckline. This breakdown, accompanied by slightly subdued buying volumes, confirms the onset of near-term bearish momentum.

The downside target is pro...